HCP Executive Board Chairman McKee to Retire

Mike McKee, current executive board chairman and former interim CEO of HCP Inc. (NYSE: HCP), will be retiring, the real estate investment trust (REIT) announced Monday. McKee, who joined HCP’s board in 1989, will step down from the executive chairman role effective March 1. He will remain with the Irvine, California-based company in a consulting […]

QCP Moves to Put HCR ManorCare Portfolio in Receivership

Quality Care Properties (NYSE: QCP) — the real estate investment trust that spun off from HCP Inc. (NYSE: HCP) last year — has started the legal process for transferring its many HCR ManorCare skilled nursing, assisted living, and memory care properties into the control of an independent receiver. Toledo, Ohio-based ManorCare operates more than 500 skilled […]